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Senior Advisor, Compensation

  • Montreal  
  • Human resources
  • Full Time
  • 27181
  • 03 June 2024

Seeing beyond numbers™

At Laurentian Bank, we believe we can change banking for the better. Founded in Montreal in 1846, Laurentian Bank helps families, businesses and communities thrive. Today, we have over 2,800 employees working together as One Team, to provide a broad range of financial services and advice-based solutions for customers across Canada and the United States. We drive results by placing our customers first, making the better choice, acting courageously, and believing everyone belongs.

This role sits within Laurentian Bank.

The Senior Advisor, Compensation, is responsible for designing, implementing, and managing compensation programs. The successful candidate will be tasked with ensuring that employee compensation is fair, competitive, and aligned with Laurentian Bank's strategic objectives.
 
#LI-Hybrid
#LI-MM1
 
Responsibilities
  • Collect, analyze, and interpret compensation data to identify market trends and make recommendations to improve compensation management.
  • Produce various analytical or statistical reports to support compensation decisions, the resolution of compensation issues, and the evolution of the programs. Proceed with recommendations. 
  • Participate in the planning and management of annual processes (salary reviews, short-term and long-term incentive compensation, etc.) and various compensation programs.
  • Participate in the development of compensation policies and incentive programs, taking into account the Bank's objectives, budget constraints, and legal requirements.
  • Participate in various external compensation surveys to gather comparative data on the practices of competitors and similar companies to guide the Bank's decisions. 
  • Assess the different positions in the Bank to determine their relative worth, maintain the job classification system, and establish an appropriate salary structure. 
  • Advise and support Human Resources and Talent Acquisition Business Partners in managing compensation, the employment structure of the Bank, and the application of practices, programs and policies. 
  • Act as the primary contact for the Human Resources Team and other internal stakeholders for all compensation-related questions and requests. 
  • Work with performance management teams to ensure that compensation systems are aligned with employee performance and development objectives. 
  • Ensure the governance and monitoring of compensation practices, including pay equity and executive compensation disclosure.
  • Participate in various compensation transformation, improvement, and simplification projects (tools, practices, processes, programs, and policies). 
  • Perform all tasks of a similar or general nature as requested by their superior or required for the job.
 
Qualifications
  • University degree in an appropriate field (Industrial Relations, Human Resources, Business Administration, Actuarial Science) 
  •  A minimum of six years of relevant experience, including at least two years in compensation 
  • Proficiency with Microsoft Office software, especially Excel 
  • Thoroughness and attention to detail 
  • Analytical skills, judgment, and high professional standards 
  • Ability to manage priorities and work under pressure with multiple tight deadlines 
  • Bilingual (french and english, written and oral)*

* Professional working proficiency in French and English languages required as position involves frequent written and oral communication on complex matters with internal and external parties in both languages.

 

What Laurentian Bank has to offer you

The total compensation offered by Laurentian Bank encompasses a comprehensive range of benefits, highlighting our commitment to the well-being and success of our employees.  

 

Here are some of the key points of our offering: 

  • The actual annual base salary offered will take into account internal equity, skills, and experience among other factors.  
  • Total compensation: Earn a comprehensive compensation package that includes annual reviews and performance-based bonuses.
  •  Work model: We prioritize a hybrid work model based on business needs.
  • Stock purchase plan: Become not just an employee, but a Laurentian Bank shareholder. Employer matching takes your investment even further.
  • Time off: In addition to paid vacation, we provide floating days and leave options to accommodate the diverse needs of our employees. Plus, as an extra perk, you also get a paid day off to celebrate your birthday.
  • Health and wellness: Take care of your health and well-being with access to healthcare professionals, our Employee and Family Assistance Program (EFAP), and a Stress Management and Well-Being Program.
  • Group insurance and pension: We offer a competitive insurance program based on your family’s needs and a defined contribution pension plan to help prepare for your future.
  • Financial benefits: As a Laurentian Bank employee, you’re also the best ambassador for our products and services. Take advantage of employee-only offers on a wide range of products. Enjoy exclusive deals and preferred rates on products and services including insurance, hotels, train tickets, spas and many more. 

We are committed to creating a fulfilling professional environment where your skills are valued, and your well-being is a priority. Join us for a rewarding career at Laurentian Bank. 

 

Inclusion and Accessibility

At Laurentian Bank, we believe everyone belongs. We are committed to fostering an inclusive work environment that reflects the diversity of our customers and our communities and where everyone feels like they belong and can thrive. To this end, we encourage applications from individuals from equity-deserving groups, including Indigenous persons, racialized and persons with disabilities, marginalized genders and the 2SLGBTQIA+ community.

We strive to offer a flexible and accessible work experience that is inclusive of everyone. If at any time you need an accommodation, please let us know.

PIPEDA       

We may collect, use or disclose your personal information for the purpose of establishing an employment relationship with you. 

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